Applied Underwriters, Inc. v. S.E.B. Services of New York, Inc.

The Supreme Court affirmed the dismissal of Plaintiffs’ breach of contract against Defendant but on different grounds than those found by the district court. The district court dismissed the action for lack of personal jurisdiction over Defendant under Nebraska’s long-arm statute and alternatively found that Nebraska was an inconvenient forum. Defendant was a New York corporation with its principal place of business in New York. The Supreme Court held (1) Plaintiffs’ claim that Defendant failed to pay amounts due under a promissory note was moot; and (2) Plaintiffs lacked standing to bring the claim for breach of the reinsurance participation agreement (RPA), which Defendant was alleged to have breached, because Plaintiffs were not parties to the RPA. View "Applied Underwriters, Inc. v. S.E.B. Services of New York, Inc." on Justia Law